Search Results for: ipo

HPH Trust: DOWN but NOT OUT

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Hutchinson Ports Holdings Trust, more commonly known as HPH Trust traded at USD 39 cents per share on 23 Feb 2017. This stock price is near to the Trust’s lowest. To illustrate how low the stock price is now down, the Trust IPO price in year 2011 was USD 1.01 dollars. So now HPH Trust is trading at around 60% discount from its IPO price. The business fundamentals are reasons to why the Trust is … [Read more...]

2 reasons to stay away from Snap’s IPO

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(You may refer to Snap's S-1 filing here) To say that I am not a big fan of Snap's IPO would be an understatement - I would not touch Snap's IPO even with a ten foot pole. Here are the 2 biggest reasons: 1) No voting rights Source: Snap's S-1 filing Snap has 3 classes of common stock, and are offering only class A - those without any voting rights. What this essentially … [Read more...]

How well did S-REITs perform in 4Q16?

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As part of our goal to help investors better understand REITs, we are starting a new REIT series that aims to give a good summary of REIT performance during every quarter. We hope that through this “Report Card Series”, you can better grasp the important macro trends and factors that impacts the performance of REITs. While the quarterly reporting for Singapore-listed equities is still underway, we … [Read more...]

Top 10 Singapore REITs that made you money if you invested from their IPO

Lately, Sabana REIT has been getting a lot of attention when a small group of unitholders moved to kick out the manager for delivering poor performance since its IPO in 2010. Early investors who bought Sabana at an IPO price of S$1.05 are now sitting on huge losses – Sabana last traded at just 43 cents per share. If we look at the history, Sabana REIT isn’t alone. There are several other … [Read more...]

More income from Ascendas Hospitality Trust expected.

Quite a few readers asked me about investing in hospitality trusts and they usually ask me about FEHT or CDL HT. This is not surprising because they have a stronger presence in Singapore. I don't have a stake in either and with the oversupply of hotel rooms in Singapore, it is probably the case that hospitality trusts with a bigger exposure in Singapore will continue to struggle. Beyond this, I … [Read more...]

5 things I learned from Frasers Centrepoint Trust’s FY2016 AGM

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Bedok Point, one of the Frasers Centrepoint Trust’s (FCT) suburban malls located in the east of Singapore, has been losing its charm ever since a new shopping mall, Bedok Mall, located right next to Bedok Point, came into operation in 2013. The poor performance of Bedok Point is reflected in its net property income from 2012 to 2016: Bedok Point Net Property Income (in SGD millions) Bedok Point … [Read more...]

Recent Resilience of the Capital Goods Industry

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Stocks categorised to the Capital Goods Industry are involved in a wide range of manufacturing and distribution activities. The majority of Singapore’s 20 biggest Capital Goods stocks have business activities that span across Asia. Singapore lists the third biggest Capital Goods stock in Asia Pacific – Industrial Conglomerate, Jardine Matheson Holdings, which re-joined the STI in November. Over … [Read more...]

IPO – Daisin Retail Trust

Daisin Retail Trust is the first IPO listing in 2017. This listing looks very rushing in its timing.  Just read about the news in the newspaper this Saturday morning.  Subscription already opened Friday 9 pm and will close on Wednesday noon. I have doubts in this new Daisin Retail Trust.  The reasons: 1. China. Hmm..... All the initial three properties in one single city, Zhongshan, … [Read more...]

Dasin Retail Trust

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Dasin Retail Trust ("DRT" or the "Trust") is offering 151,768,900 units at $0.80 per unit of which only 2m units will be available for the public tranche. There is an over-allotment option of 9,343,300 units in the event the IPO is oversubscribed. A separate cornerstone tranche of $25m of units have been offered to China Orient Asset Management and Haitong International Fund SPC.Its principal … [Read more...]

Recent Action – Sabana Reit

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I made my first transaction for 2017 that I've monitored for quite some time. Sabana Reit is probably one of the most hated Reits in the whole universe of S-reits at the moment. And they are rightfully so. Investors who has been with them since the IPO has seen the share price go up to as high as $1.3+ before plunging all the way down to today's post-rights price of around $0.34. I was … [Read more...]

Sabana Reit (On A Skyfall)

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Looking at the price action of Sabana Reit, I was quite astonished by the steep fall whereby their peak was around $1.20 in 2013 and is currently trading at $0.35. It have been on a steady decline since 2013. Part of the recent fall is due to a rights issue of 42 for 100 at $0.258 which will be used to finance the purchase of 3 new industrial properties. Background: Sabana Reit was listed … [Read more...]

REIT History: Frasers Commercial Trust

Fraser Commercial Trust is one of my smaller REIT counters.  Like AIMSAMPI Capital Industrial Reit, it is another reit that rises from the ashes.  I dug out history of the Reit from the Internet and I am particularly interested on its placements and rights issues in the past. Mar 2006: - IPO at $1.00 as Allco Reit. First commercial reit with properties in Singapore (China Square Central) and … [Read more...]

Asian Pay Television Trust – from IPO price of $0.97 to $0.38. Dividend yield of 18.4%!

HSYT came to me again to say this motherhood statement: :"The time to buy is when there's blood in the streets.Go buy APTT. Drop a lot! Dividend yield 18.4%,  P/B 0.45!"Nice, worth a look! Except that this phrase sounds vaguely familiar...Rothschild or something. Anyway, a drop of $0.97 to $0.38 in 3 years is darn huge and it would be very interesting to point the blame at something, interest … [Read more...]

Singapore IPOs Tikams for 2016

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Some of you may be wondering why i have been missing for so long, well i do sincerely apologize as i have travelling quite a bit. The only thing that reached a record high this year is probably the amount of time i spent in the air . . . I can probably compile an album of all the "airplane food" I had in 2016 but let me do that in another post ^_^ Recap of 2016   Similar to last year, … [Read more...]

Reviewing a Short Land Lease Industrial Property Purchase – Cache Logistics Trust’s sells Changi Districentre 3 Case Study

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Singapore listed logistics REIT Cache Logistics Trust (dividend yield 9%) 2 days ago announced that they will be selling of Changi Districentre 3. We take a snapshot of this divestment and cover: How we can evaluate a REIT manager’s acumen from their past strategic decisions Is Cache making a profit on this divestment? Does it make sense to acquire a property that has such a short land … [Read more...]

WILL YOU BUY this STOCK now BACK NOW near IPO PRICE?

On the first trading day after IPO, this stock closed at $0.34. Today, the stock closed at $0.23, down by almost one-third of its high. The stock had an IPO price of $0.21, hence at today’s closing price, the stock was near to its IPO price though it was still around 10% higher than the IPO price. What is this stock? Well, it is none other than Katrina stock. Katrina is a F&B stock and … [Read more...]

REIT History: AIMSAMP Capital Industrial Reit

AIMSAMP Capital Industrial Reit is the 2nd largest of my REIT counters.  I dug out history of the Reit from the Internet and I am particularly interested on its placements and rights issues in the past. Apr 2007: - IPO at $1.20 as Macarthurcook Industrial Reit, with 12 properties in the initial portfolio - End 2007: 15 properties. Unit price: $0.97 (20% decline from IPO price) 2008: - … [Read more...]

Growth of Singapore’s Coal Mining Stocks

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Singapore lists four Coal mining plays - Golden Energy and Resources, Geo Energy Resources, Resources Prima Group and BlackGold Natural Resources. All four stocks mine thermal coal - used to generate electricity, with mining conducted in Indonesia, and all companies report in US Dollars. The YTD returns of the four Coal miners have been mixed, with average returns of 1% in the 2016 year thus … [Read more...]

Consumer Sector Spotlight Continued Into Early December

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While the STI generated a total return of 4.4% in the first 11 months of 2016, the three STI Consumer Staples Stocks averaged a 27.2% total return and the three STI Consumer Discretionary Stocks averaged a 15.2% total return. Last week two Consumer Staples stocks - Bumitama Agri and Dairy Farm International Holdings, and two Consumer Discretionary stocks - Parkson Retail Asia and Genting … [Read more...]

Real Estate Plays Feature in November’s Volume Leaders

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The month of November saw six different sectors represented among the 10 most actively traded stocks with the biggest volume increases.  Almost half of the 10 most actively traded stocks were real estate plays. They comprised two REITs – AIMS AMP Capital Industrial REIT and Manulife US REIT, one Real Estate Developer  – GSH Corporation, and one Real Estate Operating Company – Global Logistic … [Read more...]